Proposal to use a portion of Origin’s treasury as price support for $OGN

At the moment the Protocol NAV treasury is being used to apply buy pressure to the price of $OGN by buying $OGN off the open market. A portion of this treasury could also be used in addition to the ongoing buybacks to provide price support for $OGN.

Buy walls as price support By placing limit orders at fairly unrealistic prices, these orders could protect $OGN from flash crashes during volatile moments in the market like on the 10th of October. CoWSwap would be used to set these orders, having the advantage that the treasury will not have to swap assets that are currently earning.

Pros

1. Chance to buy OGN back at exceptionally low prices, thus improving the APY on locked OGN.
2. More confidence for investors, knowing that the protocol has its own price support.
3. Possibly making it less risky for people using leverage to long OGN.

Cons

1. Requires team attention because the orders would have to be set manually.
2. A part of the treasury would be used to support the price of OGN, rather than applying buy pressure. However, if the treasury were eventually to run dry, we could always make a new proposal to remove the limit orders and use these assets to buyback OGN at market levels.

The amount used to set limit orders would be determined by the team. The prices at which the limit orders are set, would also be determined by the team.